Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-03-31-Speech-3-098"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-03-31"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20040331.3.3-098"2
lpv:hasSubsequent	lp_eu:2004-03-31-Speech-3-0992
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	member_of_the_bureau; EUL/NGL (2002-03-06--2004-07-19)3 unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 substitute; Temporary committee on improving safety at sea (2003-11-20--2004-04-21)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	". It should be noted that what is known as the Lamfalussy process for adopting legislation on the financial markets was accepted by the European Parliament, which meant that the basic political choices involved in the process would be taken by codecision and that the technical measures for implementing them would be adopted by the Commission. The main aim of this process is to speed up the implementation of the financial services action plan, in order to create a single market, as an integrated capitals market, by 2005. This process would benefit the main market operators because it would give them substantial influence over lawmaking and would liberalise the movement of capital and financial instruments in order to feed speculators’ greed. The European Parliament accepted this process because it agreed with its aims, thereby placing its legislative power in the hands of others. We cannot, therefore, complain or call this process a simple comitology procedure. By establishing a new organisational structure for committees responsible for financial services, the European Commission is attempting to apply the Lamfalussy process to the banking sector, to insurance and to collective investment undertakings. The European Parliament is once again critical, but once again approves the process because, once again, it agrees with the stated aims. This is a good lesson for those who are such vocal advocates of codecision."@en1

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